At Barrett Mortgages we are a professional mortgage broker in Bournemouth, Dorset. providing mortgages for everyone including first-time buyer mortgages, self-employed mortgages, buy to let mortgages, remortgaging and insurance products from a preferred selection of reputable industry leaders. Lots of people are fed up with the high-pressure sales tactics of large corporates. Barrett mortgages were set up by founder Darren Barrett in 2009 when the market was in hard times. We offer a clear, trustworthy, honest and upfront service, this has meant that our businesses have thrived during these times when clients have needed more individual and specialist help.
All staff are fully qualified, experienced and chosen based on their keenness to provide the best possible experience for our customer base. We promise no pushy hard sales; This is what has enabled us to build such a strong reputation which is important to us as we rely heavily on referrals. Everybody at some point in their lives will want to take out a mortgage and at Barrett Mortgages we simply make it possible for you. Not only do we help people get onto the property ladder but we also give helpful advice to follow months before applying for a mortgage.
With our advice, you will be able to get a property you love. When you first go to buy a property we like to give people great tips to get them off on the right track. These are saving as much money as you can each month, this will help to accumulate a good deposit to put down on the property and will help to get you out of spending habits. Reducing your outgoings each month as well, this could be monthly subscriptions that you may not necessarily need. Reducing your debt or being debt-free will help you as mortgage lenders don’t want to see that you have other debts to pay and so making these as small as you can or completely paid off will look good. Having a job that gives you a regular income will also help to prove that you can pay the mortgage each month.
The government also has a help to buy equity scheme where you can get 20% of the purchase value of the property from the government to help get you a smaller mortgage to make it easier to get on the property ladder. This loan is interest-free for 5 years then you start to pay the interest on the loan in year 6. With this scheme, there is a price cap on properties based on where you are buying. When you are going to buy a property it is important to still have some money aside for costs like stamp duty if you are liable for it. There will also be costs for solicitors and surveyors that you will need to pay for. It is also useful to have some spare money for any surprises with the property that you might need to pay out for. This could be a new boiler or something else on the property that would need to be changed immediately. With a new build, you shouldn’t have this problem but still worth having money to back yourself up.
If you are interested in any of our advice or services please make sure you get in contact with us.